SPRE vs. JSTC

Last updated Jun 3, 2026

SPRE (SP Funds S&P Global REIT Sharia ETF) and JSTC (Adasina Social Justice All Cap Global ETF) are both exchange-traded funds - SPRE is a REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index, while JSTC is a Global Equities fund actively managed by Toroso Investments. SPRE is passively managed, while JSTC is actively managed. Over the past 5 years, SPRE returned 1.62%/yr vs 6.65%/yr for JSTC. A 0.61 correlation means they provide meaningful diversification when combined. SPRE charges 0.69%/yr vs 0.89%/yr for JSTC.

Performance

SPRE vs. JSTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global REIT Sharia ETF (SPRE) and Adasina Social Justice All Cap Global ETF (JSTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPRE achieves a 7.88% return, which is significantly lower than JSTC's 11.04% return.

SPRE

• 1D: 0.73%
• 1M: -1.70%
• YTD: 7.88%
• 6M: 8.62%
• 1Y: 10.66%
• 3Y*: 6.67%
• 5Y*: 1.62%
• 10Y*: —

JSTC

• 1D: 0.18%
• 1M: 5.97%
• YTD: 11.04%
• 6M: 12.18%
• 1Y: 18.64%
• 3Y*: 14.14%
• 5Y*: 6.65%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPRE vs. JSTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPRE SP Funds S&P Global REIT Sharia ETF	7.88%	3.07%	2.11%	9.40%	-29.48%	44.78%	0.73%
JSTC Adasina Social Justice All Cap Global ETF	11.04%	12.02%	8.96%	15.67%	-17.58%	19.28%	0.18%

Correlation

The correlation between SPRE and JSTC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 31, 2020	0.61

The correlation between SPRE and JSTC shifts across timeframes, from 0.44 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

SPRE vs. JSTC - Sectors Allocation Comparison

Sectors	SPRE	JSTC
Real Estate	84.4%	0.5%
Basic Materials	5.0%	0.8%
Utilities	0.4%	1.8%
Financial Services	0.1%	22.5%
Consumer Cyclical	-	4.6%
Consumer Defensive	-	3.0%
Energy	-	0.0%
Healthcare	-	10.3%
Industrials	-	16.7%
Technology	-	27.2%
Communication Services	-0.0%	7.7%

Return for Risk

SPRE vs. JSTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPRE

SPRE Risk / Return Rank: 24
SPRE Sharpe Ratio Rank: 23
SPRE Sortino Ratio Rank: 22
SPRE Omega Ratio Rank: 22
SPRE Calmar Ratio Rank: 24
SPRE Martin Ratio Rank: 27

JSTC

JSTC Risk / Return Rank: 40
JSTC Sharpe Ratio Rank: 39
JSTC Sortino Ratio Rank: 39
JSTC Omega Ratio Rank: 37
JSTC Calmar Ratio Rank: 38
JSTC Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPRE vs. JSTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) and Adasina Social Justice All Cap Global ETF (JSTC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SPRE	JSTC	Difference
Sharpe ratio Return per unit of total volatility	0.81	1.40	-0.59
Sortino ratio Return per unit of downside risk	1.19	2.04	-0.85
Omega ratio Gain probability vs. loss probability	1.15	1.25	-0.10
Calmar ratio Return relative to maximum drawdown	1.15	1.91	-0.76
Martin ratio Return relative to average drawdown	3.91	7.80	-3.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPRE vs. JSTC - Sharpe Ratio Comparison

The current SPRE Sharpe Ratio is 0.81, which is lower than the JSTC Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of SPRE and JSTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPRE	JSTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.40	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.42	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.55	-0.30

Drawdowns

SPRE vs. JSTC - Drawdown Comparison

The maximum SPRE drawdown since its inception was -38.34%, which is greater than JSTC's maximum drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for SPRE and JSTC.

Drawdown Indicators

	SPRE	JSTC	Difference
Max Drawdown Largest peak-to-trough decline	-38.34%	-26.82%	-11.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-9.93%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-16.72%	-5.32%
Max Drawdown (5Y) Largest decline over 5 years	-38.34%	-26.82%	-11.52%
Current Drawdown Current decline from peak	-12.42%	0.00%	-12.42%
Average Drawdown Average peak-to-trough decline	-17.93%	-6.60%	-11.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.44%	+0.39%

Volatility

SPRE vs. JSTC - Volatility Comparison

The current volatility for SP Funds S&P Global REIT Sharia ETF (SPRE) is 3.87%, while Adasina Social Justice All Cap Global ETF (JSTC) has a volatility of 4.30%. This indicates that SPRE experiences smaller price fluctuations and is considered to be less risky than JSTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPRE	JSTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	4.30%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	10.71%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	13.35%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	15.95%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	15.76%	+2.66%

SPRE vs. JSTC - Expense Ratio Comparison

SPRE has a 0.69% expense ratio, which is lower than JSTC's 0.89% expense ratio.

Dividends

SPRE vs. JSTC - Dividend Comparison

SPRE's dividend yield for the trailing twelve months is around 3.86%, more than JSTC's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021
JSTC Adasina Social Justice All Cap Global ETF	1.21%	1.34%	1.11%	1.03%	0.83%	0.96%
SPRE SP Funds S&P Global REIT Sharia ETF	3.86%	4.10%	4.13%	4.16%	4.17%	2.83%

Frequently Asked Questions

Can I hold both SPRE and JSTC in my portfolio?

SPRE and JSTC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPRE or JSTC?

JSTC has higher volatility (4.30%) compared to SPRE (3.87%). In terms of maximum drawdown, SPRE dropped -38.34% vs JSTC's -26.82%.

Which ETF is better, SPRE or JSTC?

On 5-year performance, JSTC leads with 6.65% vs 1.62% for SPRE. On fees, SPRE is cheaper at 0.69% per year. On volatility, SPRE has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPRE or JSTC?

Over the 5-year period, JSTC has performed better with a 6.65% return vs 1.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPRE or JSTC?

SPRE is cheaper with a 0.69% expense ratio, compared with 0.89% for JSTC.

Which ETF pays a higher dividend yield, SPRE or JSTC?

SPRE has the higher dividend yield at 3.86%, compared with 1.21% for JSTC.

What is the main difference between SPRE and JSTC?

SPRE is categorized as REIT, while JSTC is Global Equities. Their fees differ too: 0.69% for SPRE and 0.89% for JSTC.

Which has better risk-adjusted returns?

JSTC currently has the higher Sharpe Ratio (1.40 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.